There is no form of compulsory transmission in Hong Kong. The typical legal document includes an interim sales contract, a formal sales and sale contract and a deed of sale, all of which must be written, duly signed and certified, stamped and registered in the land registry. The property is sold to the buyer “as we shall see.” The property is sold in the property at the time of signing the contract and delivered to the buyer. It should be noted that the sale on an “as is” basis does not allow the seller to disclose the existence of unauthorized changes or structures regarding the property. If the buyer does not accept these unauthorized structures/modifications, the buyer may, on this basis, challenge the ownership of the property. When a buyer buys a property (including a property or a dwelling) through a transfer of shares of a limited-time company, the current stamp duty, which must be paid on each note purchased and sold, is 0.1% of the higher purchase price or net inventory value of the shares. HK 5 is also payable on the transfer instrument. Title deeds exclusively on the property are delivered to the buyer. Stamp duty (currently USD 100) must be paid on a provisional agreement to sell and purchase a residential property if the formal sale and purchase agreement is signed more than 14 days after the signing of the interim agreement. Unless the property is sold under an existing lease, the seller must deliver the buyer free possession of the property after completion.
In December, there are 31 days. There are 14 days from December 1 to December 14. For other supply costs such as water, gas and electricity, it is customary for the seller to be reimbursed directly by the suppliers for the deposits concerned and for the buyer to pay deposits to the distribution companies to open accounts in the buyer`s name. It is also recommended that the seller register the counting utilities once completed to determine the seller`s debts for these fees. Following preliminary negotiations and an agreement between the two parties on a price, a legally binding “interim agreement” between the buyer and the seller is drawn up and concluded. It must be respected and, if it is not replaced by a formal sales contract within the agreed time frame, it can be used for the rest of the transaction or for compensation for infringement. A first down payment is usually paid at the signing. If the buyer insists on a requirement that the seller cannot resolve, the seller is free to have the sale cancelled by a declaration to the buyer.
B, for example, a delay of at least seven days after the written termination.
